|
|
|
De Beers Issues Synthetics Guidelines
|
|
De Beers has provided its rough-diamond clients andForevermark partners with guidelines on how to operate in the lab-grown market if they wish to continue tapping into its branding.The mining company, which in 2018 forayed intogem-quality synthetics with...
|
|
|
Financial-Legal
|
Dec 18, 2019
|
Joshua Freedman
|
|
|
|
|
|
Profit Margins Improve at $425M De Beers Sale
|
|
De Beers’ rough sales totaled $425 million in December,the highest since April, as lower price levels and better profit marginsspurred an upturn in demand from sightholders. Buyers are returning to the market after six months ofsluggish...
|
|
|
Rough Markets
|
Dec 18, 2019
|
Joshua Freedman
|
|
|
|
|
|
De Beers Rough Prices Decline 5% in 2019
|
|
A drop in rough-diamond prices and a sales shift tolower-value items weighed on De Beers’ profitability in the second half,according to executives at parent company Anglo American. The miner’s rough-price index fell around 5% year onyear for the first...
|
|
|
Mining
|
Dec 16, 2019
|
Rapaport News
|
|
|
|
|
|
De Beers Ends Special Supply Measures
|
|
Rough-diamond buyers are anticipating an improvement insales at next week’s De Beers sight, as the miner is withdrawing concessions that allowed clients to reject goods. De Beers will revert to its standard rules limiting sightholders’ abilityto refuse or defer...
|
|
|
Rough Markets
|
Dec 05, 2019
|
Joshua Freedman
|
|
|
|
|
|
De Beers Announces 2020 Sight Schedule
|
|
De Beers has released the dates of the 10 sights it willhold in Gaborone, Botswana, next year. The miner sells around 90% of its roughat those sales, with the rest available at auctions. The January sight will...
|
|
|
Rough Markets
|
Nov 18, 2019
|
Rapaport News
|
|
|
|
|
|
Rough Market Picks Up at De Beers Sight
|
|
De Beers’ November sales totalled $390 million, the highest for five months, as the roughmarket stabilized and the miner reduced prices to trigger demand.Proceeds from the ninth sales cycle fell 12% compared with...
|
|
|
Rough Markets
|
Nov 13, 2019
|
Joshua Freedman
|
|
|
|
|
|
De Beers Sightholders Embracing Synthetics
|
|
Few in the diamond industry were surprised by the news that Rosy Blue chief Dilip Mehta had launched an independentlab-grown business. It’s been an open secret for months that majormanufacturers of natural diamonds have been...
|
|
|
Polished Markets
|
Nov 12, 2019
|
Joshua Freedman
|
|
|
|
|
|
De Beers Reduces Prices at November Sight
|
|
Sightholders welcomed De Beers’ decision to lower pricesat this week’s rough-diamond sale, but noted that further discounts werenecessary to improve profits in the manufacturing sector. The company reduced prices of higher-end goods by 5% to7% at this week’s...
|
|
|
Rough Markets
|
Nov 06, 2019
|
Joshua Freedman
|
|
|
|
|
|
De Beers Sales Drop in Slow Rough Market
|
|
De Beers’ sales slumped to $295 million in September as the minercontinued to allow sightholders to refuse goods in the prevailing weakrough-diamond market. The company maintained firm prices and offered increasedflexibility to encourage lower purchases, thereby reducing the...
|
|
|
Rough Markets
|
Oct 03, 2019
|
Joshua Freedman
|
|
|
|
|
|
De Beers Sales Continue to Fall
|
|
De Beers’ rough-diamond sales plunged 44% year on year thismonth as customers rejected goods or exercised the miner’s buyback option. Sales fell to $280 million in the seventh sales cycle of theyear, as sightholders continued to struggle with weak...
|
|
|
Mining
|
Aug 28, 2019
|
Rapaport News
|
|
|
|
|
|
De Beers Lets Clients Reject 50% of Goods
|
|
De Beers will allow sightholders to refuse more rough diamonds than usual at thisweek’s sight, aiming to ease pressure on the market without reducing prices. Clients will be free to turn down 50% of available goods amid a slump...
|
|
|
Rough Markets
|
Aug 18, 2019
|
Joshua Freedman
|
|
|
|
|
|
De Beers Sales Sink to Lowest Level Since 2015
|
|
De Beers’ rough-diamond sales plummeted 53% this month ascustomers accepted the miner’s offer to defer purchases until the marketimproves.Weak polished demand and excess supply in the manufacturingand trading sectors have hurt sightholders’ appetite...
|
|
|
Mining
|
Jul 30, 2019
|
Joshua Freedman
|
|
|
|
|
|
De Beers Lets Clients Delay Rough Purchases
|
|
De Beers loosened its purchasing requirements for roughbuyers at last week’s sight in an effort to ease the oversupply affecting the diamond market.Sightholders have struggled to reduce their inventories due to an imbalance of stocks and weak polished demand....
|
|
|
Mining
|
Jul 28, 2019
|
Joshua Freedman
|
|
|
|
|
|
Stop Buying Rough
|
|
The prevailing panic surrounding the rise of lab-grown diamonds is overshadowing the bigger challenge facing the diamond market: There is no profit in the trade. This long-term challenge is reaching crisis levels, as manufacturers lack liquidity and...
|
|
|
Rough Markets
|
Jul 03, 2019
|
Avi Krawitz
|
|
|
|
|
|
De Beers Cuts Prices as Rough Sales Slide
|
|
De Beers’ rough-diamond sales slumped to a 20-month low of $390 million in June amid weak sentiment in the manufacturing sector. Sightholders noted the price cuts De Beers implemented on certain categories were not enough to stimulate demand. “The...
|
|
|
Rough Markets
|
Jun 25, 2019
|
Avi Krawitz
|
|
|
|
|
|
De Beers Sales Slump 25% in May
|
|
De Beers’ sales fell to their lowest level in more than ayear and a half, as a slowdown in the Indian manufacturing sector hit roughdemand. Revenue dropped 25% to $415 million for the fourth salescycle of the year, which...
|
|
|
Rough Markets
|
May 21, 2019
|
Joshua Freedman
|
|
|
|
|
|
De Beers Sales Jump 10% in April
|
|
De Beers recorded its largest rough-diamond sale sincemid-2018 as demand was steady following a slow first quarter. Sales rose 10% year on year to $575 million in the thirdsales cycle of the year, including last week’s sight...
|
|
|
Rough Markets
|
Apr 10, 2019
|
Rapaport News
|
|
|
|
|
|
De Beers Reduces Sightholder Supply
|
|
De Beers sightholders are bracing for lower rough supplyfor the rest of 2019 as the miner reduces its production and fulfills itscommitments to support local manufacturing in Africa.The company expects production to drop as its Victor minein...
|
|
|
Rough Markets
|
Apr 08, 2019
|
Joshua Freedman
|
|
|
|
|
|
Weak Demand Weighs on De Beers Sales
|
|
De Beers’ sales fell for the second consecutive month, ashigh rough prices and slim midstream profits softened demand from buyers,sightholders reported. Sales of $490 million in February were 13% below ayear ago amid...
|
|
|
Rough Markets
|
Mar 06, 2019
|
Joshua Freedman
|
|
|
|
|
|
De Beers Sales Slump Amid Market Weakness
|
|
De Beers’ rough-diamond sales slowed in January as adisappointing holiday season piled further pressure on the midstream. Proceeds fell to $505 million at the first sales cycle ofthe year, 25% lower than the $672 million it sold...
|
|
|
Rough Markets
|
Jan 29, 2019
|
Joshua Freedman
|
|
|
